Flashcard 15 - Practice and Disclosures Flashcard Set for the Real Estate License Exam

seller

In a seller agency arrangement, the seller typically pays the listing agent’s commission. However, due to the guidelines introduced in August 2024, while the seller may still negotiate compensation for the buyer’s agent, this cannot be advertised on the MLS. Buyers now need a written agreement with their agent, specifying the agent’s fee before any home tours, making commission structures more negotiable and transparent.